SC analyst sees BTC falling to $50K, ETH to $1.4K

Standard Chartered has warned of potential further declines for Bitcoin and Ethereum, Walter Bloomberg reported. SC analyst Geoff Kendrick attributed the outlook to a weakened investor appetite for risk assets, signs of a U.S. economic slowdown, and expectations that the Fed will not cut interest rates again until June. He added that declining holdings in spot ETFs are also pressuring the market. Kendrick projected that BTC could fall to $50,000 and ETH to $1,400.